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Report: Hulu, TWC Break Off Talks

Reuters says MSO, online video pioneer can't agree on price 7/24/2013 04:55:35 PM Eastern

Time Warner Cable has reportedly broken off talks with Hulu
regarding taking a possible 25% stake in the online video pioneer, according to
published reports.

Reuters
said Wednesday
, citing unnamed sources, that the two companies could
not agree on price. TWC was an early bidder for Hulu, but after the company decided
to retain its current ownership
, the New York-based MSO was said to be
interested in acquiring a minority interest.

The Walt Disney Co., 21st Century Fox and Comcast
each own a one-third interest in Hulu.

Reuters said TWC could restart talks in the future for the
Hulu stake, but none were currently planned.

Time Warner Cable declined to comment. 

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